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Dec 4, 2013
12/13
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KQED
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if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate. >> rose: can you think this has a chance in hell of being politically viable? first question. second question, is the reason you're sitting at this table going to campus is is because you want to create some kind of political action that might result in it having a chance in hell? >> the second question: i want to shine a light on this issue and i am desperately hoping the young people will start a movement. do i want to start the movement? i don't think i'm capable. do i think i can articulate the facts and have i seen them respond that somebody out there could start a movement in yes. in my opinion they were instr
if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate....
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Dec 7, 2013
12/13
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CSPAN
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and tried to get
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control...
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Dec 3, 2013
12/13
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ALJAZAM
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the supreme court refused to hear their challenge to an internet tax. the decision let the state law stand. sales tax will be collected from customers in new york and other states. >> drones are known for delivering death and destruction. amazon wants to change the perception. they plan to use flying robots to deliver packages faster. >> it may look like science fiction. amazon says package delivers via drones could be five years away. the ayounnnouncement from the c coming hours before cyber monday. domminos pizza put out this video. amazon is serious. this tech writer believes them. >> you have to think about the scale of amazon, if they deploy this technology, they'll do it on a high scale. the technology advances at amazon, and if the faa puts the infrastructure in place, i don't see why it wouldn't. >> an order is boxed in a warehouse, attached to the drone and sent to the delivery address. 5 pounds much weight is allowed. one of the technical issues. >> how do we make them safe, that they can't be hacked and will not fall out of the sky or run int
the supreme court refused to hear their challenge to an internet tax. the decision let the state law stand. sales tax will be collected from customers in new york and other states. >> drones are known for delivering death and destruction. amazon wants to change the perception. they plan to use flying robots to deliver packages faster. >> it may look like science fiction. amazon says package delivers via drones could be five years away. the ayounnnouncement from the c coming hours...
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Dec 6, 2013
12/13
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BLOOMBERG
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some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre, sell.ld be a tougher >> what if there's no deal? what's plan b? both sides are saying we want to avoid anything we can to not have a government shutdown. john boehner has said that there would be at a minimum, by the lawmakers leave for the holidays on friday, at least a temporary spending measure that would kick this can down maybe march. nobody likes that idea, but it is better than the alternative. again, that's a shipdown -- shutdown threat hanging over the the newperiod into year. that's plan b at a minimum, but even that
some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre,...
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Dec 4, 2013
12/13
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ALJAZAM
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there are the tax payers and the city. when i was receiver in harrisburg i would talk to the citizens all the time who were very concerned about what it meant to them and how much taxes they would have to pay. the other i think said in your introduction people talked about the constitutional investors but a lot of bond holders are holding shares in mutual funds and using their retirement money to invest partially in bonds. when you have a meltdown situation like this, it's not just the workers who are hurt but the toda taxpayers, the citd bond holders, the individuals. when you're doing a work out like this, the goal is not to let anybody off free. i know in some of your guests are arguing that pensions should be sacks cro sac rosant. at debt is too great for the tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everyb
there are the tax payers and the city. when i was receiver in harrisburg i would talk to the citizens all the time who were very concerned about what it meant to them and how much taxes they would have to pay. the other i think said in your introduction people talked about the constitutional investors but a lot of bond holders are holding shares in mutual funds and using their retirement money to invest partially in bonds. when you have a meltdown situation like this, it's not just the workers...
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Dec 5, 2013
12/13
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ALJAZAM
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at debt is too great for the tax tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everybody who is dealing with this city in distress. >> i think david has a good point. the retired city electrician has a face, we can put him on the 6:00 news, and understand him very well. but in the case of, for instance, franklin temple ton and investments, they own $35 million of stockton paper, and in the recent proposal from the city they're offering less than a penny on the dollar. well, franklin temple doesn't have a face. >> it's symmetry. you expect them to have well informed people investing their money. i mean, you might have ill informed people. you might have ordinary people putting their money there, but the person's investing the money is getting paid a lot of money to know that stockton is a high risk place and they made a mistake. ther
at debt is too great for the tax tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everybody who is dealing with this city in distress. >> i think david has a good point. the retired city electrician has a face, we can put him on the 6:00 news, and understand him very well. but in the...
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Dec 8, 2013
12/13
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CSPAN
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try to
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents...
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of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're considering how to get more people up to that category and try to write on how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think they don't think we have too m
of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met...
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the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what we're talking about, we're talking about e thing -- >> no, no, no, that's part of it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are not paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bi
the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what...
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tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass
tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making...
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Dec 7, 2013
12/13
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>>'m trying to lower taxes for detroit. i don't want to raise taxes. it's hard to come to an agreement. divided government. most likely we'll get another continuing resolution. our country is almost evenly split. republicans and half democrats. what we believe in is very far it's hard to find agreement. debate is good. ust because we're having discussion, that's bad. we've been debating since the beginning of our republic. a good healthy debate is good sometimes. >> several questions around the polarization and the disgust general american public has with that polarization and the grid lock in washington. propose to help heal some of that. >> i think we can, you know, agree to disagree and not necessarily always be disagreeable. some of that is personalities, how we work things out. i think, i t and i, don't know him real well, i fine. we've gotten along i've rid on air force one with him, talking about structure. trying to be supportive. there's various policy issues i haven't attacked him and tried to be supportive on on some of the drug issues. it's
>>'m trying to lower taxes for detroit. i don't want to raise taxes. it's hard to come to an agreement. divided government. most likely we'll get another continuing resolution. our country is almost evenly split. republicans and half democrats. what we believe in is very far it's hard to find agreement. debate is good. ust because we're having discussion, that's bad. we've been debating since the beginning of our republic. a good healthy debate is good sometimes. >> several...
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Dec 3, 2013
12/13
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FOXNEWSW
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with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the situation no matter what we do >> reporter: the american federation of state, county and municipal employees immediately filed a notification of appeal, noting that there is no insurance to act as a bock stop for city pensioners, they just lose money. also noting that judge rhodes determined the city did not bargain with pension representatives in good faith but there was no practical way to do so. >> w
with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >>...
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a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our commitment has never been stronger. i as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ malennouncer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, l
a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our...
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a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. neil: if the democratic congressman earl blumenauer gets his way, taxes will double to about 33.4 cents per gallon. so calm down. anyway, he sas it is to pay for poorly funded transportation and he also said it is high time since th federal gas tax has been high. i so do it, are you okay this? >>
a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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SFGTV2
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our cities to make sure we have the kids to take those wonderful jobs and so i hate to us the word taxes by how can we crate of the revenue that the fed's have left us to do. we're in poverty and we need our cities to step up >> thank you, mayor lee. >> (laughter) . well, that first of all, we have is a pretty r06b9 budget and we do - by the way, i think in order to depreciate the kind of revenue we first of all, begin with the basics we have to have a strong business approach to our budget so creating that san francisco in the industry was small business owner something i spent a lot of time. i tackled pension reform and created a trust fund so start paying for the mandatory that would hurt us dead on arrival down the road. so we contact talk about stuff until we've built an san francisco. today we've done all the things that insurance companies and other fails i failures of other cities across the country didn't pay attention to all those mandates we put them into the mix and now we do 2 year budgeting and we've got 4 reserve accounts for the city. now that we've done that companies ca
our cities to make sure we have the kids to take those wonderful jobs and so i hate to us the word taxes by how can we crate of the revenue that the fed's have left us to do. we're in poverty and we need our cities to step up >> thank you, mayor lee. >> (laughter) . well, that first of all, we have is a pretty r06b9 budget and we do - by the way, i think in order to depreciate the kind of revenue we first of all, begin with the basics we have to have a strong business approach to...
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percent tax, which includes -- >> stephen: 25? a 25 percent tax on a doobaj? >> that's about right, is it not worth it, stephen? >> stephen: it is more tax than toke liberalism in my opinion, why don't you just make it 85 percent and give me your car when you are high. they will never know the difference. take it! >> a certain percentage is definitely going toward the building of schools, i believe it is the first 40 million raised from recreational sales. >> stephen: what were your responsibilities as the pot editor for the denver post be? >> i am hiring a pot critic from colorado, if you know anybody. >> stephen: yeah, yeah, i know a few people but i need them in my editing room. >> you certainly want a reviewer, you want a critic of pot. >> yes. >> stephen: anybody you like? >> i got one via twitter. >> stephen:. >> stephen: dude, i am baked out of my skull. >> you would not be surprised. >> stephen: it gives kids an excuse all over the nation who get caught smoking pot the theyn just tell their parents, mom, i am preparing for
percent tax, which includes -- >> stephen: 25? a 25 percent tax on a doobaj? >> that's about right, is it not worth it, stephen? >> stephen: it is more tax than toke liberalism in my opinion, why don't you just make it 85 percent and give me your car when you are high. they will never know the difference. take it! >> a certain percentage is definitely going toward the building of schools, i believe it is the first 40 million raised from recreational sales. >>...
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Dec 9, 2013
12/13
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KNTV
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one is income tax for those that live in city. those that live outside and work in the city and then property tax. we got hit with a per ferkt storm when you consider the mortgage debacle and we got hit with the manufacturing layoffs and the like. people said oh, my god. it cost over $100 to fill up the suvs. automobile manufacturers started laying people off. one out of every six jobs were related to the automobile industry before this happened. people were work overtime and the like. when the crisis hit and people couldn't work overtime and a lot of people got laid off pup. >> it's a numbers game. do you think stroit detroit will be fixed a year from now, five years from now, a decade from now? >> absolutely. you can't come downtown today and find a lost apartment or condo that you can lease, buy or rent. you cannot go to a parking garage in downtown and lease a space for your automobile. it's full. people are investing. businesses are coming back, and city will be coming back. when the emergency financial manager is through. he
one is income tax for those that live in city. those that live outside and work in the city and then property tax. we got hit with a per ferkt storm when you consider the mortgage debacle and we got hit with the manufacturing layoffs and the like. people said oh, my god. it cost over $100 to fill up the suvs. automobile manufacturers started laying people off. one out of every six jobs were related to the automobile industry before this happened. people were work overtime and the like. when the...
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Dec 8, 2013
12/13
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CSPAN
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corporate income tax is 35%. economic enterprise zones would expedite these visas for people who have $50,000. let them come to our country. i don't think you want a handout. just look at your history of innovation. look at the proud history of detroit. look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america. government didn't do this. you did this. government didn't discover and create motown greats like smoky robinson or diana ross. today doesn't need to be any different. we need to look at ourselves, look in the mirror and allow ours the freedom to create and innovate. you have leaders like this. think of dan gilbert of quicken loans that are pouring their hearts and souls and money into detroit. quicken loans has spent more than $1 billion in detroit over the last few years and moved 3600 employees into the city. creating thousands
corporate income tax is 35%. economic enterprise zones would expedite these visas for people who have $50,000. let them come to our country. i don't think you want a handout. just look at your history of innovation. look at the proud history of detroit. look at henry ford who not only produced a car that his assembly line men and women could afford to buy, he also shortened the workweek and increased wages. we were the industrial giant of the world. detroit was the greatness of america....
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Dec 5, 2013
12/13
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FOXNEWSW
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we'll take personal and corporate tax down to 5%. bring the payroll tax down for the worker and employer. and we'll reduce the red tape and let businesses thrive. we'll invite entrepreneurs from around the country and around the world who want to come to detroit and make it like a mini hong kong. there are great things you can do the. it's amazing how much money accumulates not from other parts of the country but just from detroit's tax base if you don't take it to washington. you leave it in detroit. >> you're saying you will reduce the personal tax liability to 5%. can you do that? you're senator rand paul, one senator. how do you accomplish -- i like the idea. i'm asking how you accomplish it. >> well, if i were president obama i would do it by edict. i'm just a senator so we have to pass it as legislation and get the president to sign it. i can tell you now there is not a lot of enthusiasm for the traditional type of bailout. i don't think that will pass the house of representatives. i think my plan, if democrats would look at it
we'll take personal and corporate tax down to 5%. bring the payroll tax down for the worker and employer. and we'll reduce the red tape and let businesses thrive. we'll invite entrepreneurs from around the country and around the world who want to come to detroit and make it like a mini hong kong. there are great things you can do the. it's amazing how much money accumulates not from other parts of the country but just from detroit's tax base if you don't take it to washington. you leave it in...
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and america provided the place for you to make it for you to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important that we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to solid internet to anything like that certainly would make sense for for them to want to give back to a certain degree but i don't even think the fairness is just from the people who are running around to other countries like it's also for the people like i don't know presidential candidate mitt romney who are putting their money into tax havens so you could stay in the united states. and aspire to the highest office here and still be trying to hide away a lot of your money so to me it's like if you're moving away at least you're admitting like listen i don't want to be this money you know it legally when i don't. and i appreciate consistency about. that now check this out numerous high profile
and america provided the place for you to make it for you to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important that we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to solid internet to anything like that certainly would make sense for for them to want to give back to a...
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Dec 3, 2013
12/13
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FOXNEWSW
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we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax goes up. >> let's find out where it went and if it's not enough, we can allocate every penny. have at it. but it's wrong. >> thank you very much. again, folks, this comes down to -- take it from the geeks here at fox. money in and money out. we're getting a lot of money coming into the country, a lot of it from all sorts of folks, including you. so the problem is not all the money coming in, it's all the money going out. this is endem nick of what is wrong in the country. we're big on proposing more money to throw at problems but never looking at the money we have already thrown at that problem.
we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax...
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worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire since this whole billionaire hotspots such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent respectively and the rest they came from afar now rachel i turn to you let's talk about this growing trend do you think it's fair let alone you know morally ok if you made your money here in the u.s. and america provided that place for you to make it free to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to the internet t
worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire since this whole billionaire hotspots such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent...
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Dec 5, 2013
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tax-free dollars that you have. if you want to go to a chiropractor, your money can pay for that rather than government's. >> you're right. free market idea is incredibly simple. it works in every other industry. it's overcomplicated by thousands of pages of bureaucratic nonsense. >> rather than try to say what is your other idea, we had another idea. it could have been helped and fixed. free market health care. >> which was? >> what we were doing before. there needed to be some tweaks to it. >> look at bob. >> like remove the ban from -- if you're an insurance company in new jersey, you can't sell it in new york. that is ridiculous and stupid. move some of those. hold on. but you're -- you keep saying, what is your alternative? there are plenty. i don't think they're that good. next fact. i promise to shut up for the next eight minutes of the block. >> i doubt that. >> let's say if you go online and get obama care for 500 bucks a month. family of four. and $12,000 deductible. in several states was the average for t
tax-free dollars that you have. if you want to go to a chiropractor, your money can pay for that rather than government's. >> you're right. free market idea is incredibly simple. it works in every other industry. it's overcomplicated by thousands of pages of bureaucratic nonsense. >> rather than try to say what is your other idea, we had another idea. it could have been helped and fixed. free market health care. >> which was? >> what we were doing before. there needed to...
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raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's just going to shift even further from there so i kind of get where they're coming from but i don't think that they're being realistic nor do i think that they're treating their actual pensioners and the active members of their retirement funds well because in the future if detroit gets back in the situation and it's not taking a lot of debt and the only place that has to cut is on benefits then the people are going to get hurt aren't the leaders of the unions right now but they are the actual retirees in the future if detroit has is completely on stay. well in terms of being able to pay out its
raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's...
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raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's just going to shift even further from there so i kind of get where they're coming from but i don't think that they're being realistic nor do i think that they're treating their actual pensioners and the active members of their retirement funds well because in the future if detroit gets back in the situation and it's not taking a lot of debt and the only place that has to cut is on benefits then the people are going to get hurt aren't the leaders of the unions right now but they are the actual retirees in the future if detroit has is completely on stay. well in terms of being able to pay out its
raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's...
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when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the 1% is going up, 34%, 99%, 4%, but they're going up, so that's a good thing. incoming equality is a misnomer. if the rising tide is rising all boat, raising all boats, that's a great thing. >> how can you say 15 years the top 1% increase of income take home pay is 247% and middle clashgs over the same 15 years, is 15%? you're saying that's equal? >> he's saying the numbers are rising up and that's good. >> it's better for everyone when this happens. >> when the rich people get richer? >> and the poor people get richer, yes. >> before you continue, let me get greg in here first. because you earlier were talking -- >> this argument about
when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the...
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raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's just going to shift even further from there so i kind of get where they're coming from but i don't think that they're being realistic nor do i think that they're treating their actual pensioners and the active members of their retirement funds well because in the future if detroit gets back in the situation and it's not taking a lot of debt and the only place that has to cut is on benefits then the people who are going to get hurt aren't the leaders of the unions right now but they are the actual retirees in the future if detroit has is completely on stay. well in terms of being able to pay out
raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's...
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Dec 6, 2013
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low taxes. of course, wee got to cut taxes. >> president obama sits back and watches this unfold. ken senator rand paul taking action. >> the kentucky senator wants to keep detroit a conservative utopia. >> what i'm promoting is something called economic freedom zones. >> these zones free up detroit to bail themselves out. >> reduction in individual and corporate tax rates. >> get rid of the capital gains. >> reduce the red tape and let businesses thrive. >> this is horrible. this idea much. >> i think really what we need to do is try something different. >>. >> let's turn now to michael eric dyson, georgetown university professor and msnbc political analyst. that's all you've got to do, professor, is just take that red tape and then cut it. >> and then all of a sudden these jobs are going to show up. rand paul in detroit, and he wants to open up the gop's african-american engagement the office to reach out to voters. i mean, is he the best ambassador to the party? your thoughts on this effort. >> yeah, if he is, ed, it's a pretty -- it's an awful shame. because, look, his heart,
low taxes. of course, wee got to cut taxes. >> president obama sits back and watches this unfold. ken senator rand paul taking action. >> the kentucky senator wants to keep detroit a conservative utopia. >> what i'm promoting is something called economic freedom zones. >> these zones free up detroit to bail themselves out. >> reduction in individual and corporate tax rates. >> get rid of the capital gains. >> reduce the red tape and let businesses...
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lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on top of that he's saying oh and by the way the people who are unemployed after after twenty six weeks. now is the time i was there and all and i know you believe i know you hate freedom but here's the thing is that people in the united states need freedom and the thing that you know the only way you're going to have your activity somebody is no more free when they're unemployed and they lose their unemployment benefits say your definition of freedom well i'll tell you what's my definition of freedom and that's your defi
lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on...
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Dec 4, 2013
12/13
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but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding for bridges and roads that comes from washington will go bust. >> the bottom line is that we are in a downward spiral. what it means is the federal government is not going to be able to help states and locallities maintain what they've got. it means that people will pay with less safe driving conditions. >> does the gas tax generate enough revenue for the state of oregon to maintain its roads properly? >> no. just plain no. >> vicky say republican member of the oregon house. she says as the state's residents buy even more efficient cars and less gas, the budget crunch is only going get worse. but she t
but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding...
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we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us about that. >> the new tax bracket starts at 39%. so the bracket kicks in for taxpayers that are over for under 50,000 or 500. that is an increase from 35%. that's a huge increase. gerri: let's talk about the medicare taxes. in a new medicare tax rate of 0% tell us about that. gerri: the increase relates to earn income. that is on top of the social security increase that you had in the beginning of the year which is a 2% increase. many people were surprised. now you have that additional. he also have non income related to investments such as interest, dividends, capital gains, eff
we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us...
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raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's just going to shift even further from there so i kind of get where they're coming from but i don't think that they're being realistic nor do i think that they're treating their actual pensioners and the active members of their retirement funds well because in the future if detroit gets back in the situation and it's not taking a lot of debt and the only place that has to cut is on benefits then the people who are going to get hurt aren't the leaders of the unions right now but they are the actual retirees in the future if detroit has is completely on stay. well in terms of being able to pay out
raise property taxes is going to drive more citizens and businesses out of the city that you continue to lend to that city over the past decade and expect to get all of your money back is absolutely ridiculous now how would you gauge the reaction of detroit's unions and their willingness to negotiate. i think it's unfortunate i understand their position they're going to start by not negotiating because they want to get the most that they can in the minute that they put a deal on the table it's...
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. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a dictator, did the bankruptcy filing. it was the governor's agent. >> the judge said there is not enough evidence to say the fix was in, what was your opinion of -- when people look at detroit, they say classic story of big government gone awry. too many employees and pensions, why did detroit go bankrupt? >> the numbers just don't depict that. we took a good look at the numbers, the great reception drove unemployment up to 30%. it was a devastating event. since the great depression, they cut their budget by 38%. >> so they are spending 38% less? >> yes. the number of employees per capita in detroit, there is many fewer
. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a...
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all about money and i'm actually sick for a politician write the laws and with the tax rate right. here just to what is it a. copy. of. this week's detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments owed to city employees retiree's investors and other creditors earlier i spoke with anthony randolph director of economic research at the reason foundation about the city's bankruptcy troubles and i started off by asking him if he felt the judge's decision to greenlight detroit's chapter nine bankruptcy filing was the right thing to do. i do the made the right decision clearly detroit is insolvent and so the bondholders claims that they could raise taxes to pay off the stat or even sell things their assets are there are that they would have enough money from those sales to pay off their debt and still continue forward those arguments were spirits and the idea that detroit is an insolvent is crazy
all about money and i'm actually sick for a politician write the laws and with the tax rate right. here just to what is it a. copy. of. this week's detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments owed to city employees retiree's investors and other creditors earlier i spoke with anthony randolph...
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no new taxes. >> if you liked your doctor, you will be able to keep your doctor period. it's a punchline. this is definitely barack obama's read my lip s moment. >> let me get emily in here to defend whether or not you think it is that serious of a moment. whether we still remember that. >> look, i think today is a rebrand. today is a hit restart button on it. since the health care law started to go into effect. the website was not good but it is not the law. there are other pieces that have gone into effect like being able to get new coverage. young people being able to stay on their parent's coverage. >> yeah, but today republicans agreed on. those are not the things that we are hearing about that are problems with the law itself. but now the president is going to come forward during the month of december. 15 minutes from now we will see what that is about. have a great day. >> thank you. >> the white house seems to be running out of excused for the problems with the website. >> where is the accountability? will somebody get fired over this? >> it is impossible to do s
no new taxes. >> if you liked your doctor, you will be able to keep your doctor period. it's a punchline. this is definitely barack obama's read my lip s moment. >> let me get emily in here to defend whether or not you think it is that serious of a moment. whether we still remember that. >> look, i think today is a rebrand. today is a hit restart button on it. since the health care law started to go into effect. the website was not good but it is not the law. there are other...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >>> welcome back. the city of detroit is the now officially bankrupt. the questions on the mind of many city workers is what will happen to our pensions. it's not clear just yet. it's on the lips of many others who live in struggling municipalities around the country. already lessons to be learned from cities and towns and countries who have received pensions. it could offer clues. for example, rhode island, a community close to emerging from bankruptcy now but cut 25% of worker pensions. 20% can be slashed in the ye
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...